American Tower Corp (AMT) : Mufg Americas Holdings Corp reduced its stake in American Tower Corp by 2.21% during the most recent quarter end. The investment management company now holds a total of 110,161 shares of American Tower Corp which is valued at $12,766,558 after selling 2,491 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.American Tower Corp makes up approximately 0.43% of Mufg Americas Holdings Corp’s portfolio.
Other Hedge Funds, Including , Barbara Oil boosted its stake in AMT in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 6,000 shares of American Tower Corp which is valued at $695,340. American Tower Corp makes up approx 0.54% of Barbara Oil’s portfolio.Diam Ltd. boosted its stake in AMT in the latest quarter, The investment management firm added 5,617 additional shares and now holds a total of 78,536 shares of American Tower Corp which is valued at $9,088,971. American Tower Corp makes up approx 0.13% of Diam Ltd.’s portfolio.Jennison Associates boosted its stake in AMT in the latest quarter, The investment management firm added 270,233 additional shares and now holds a total of 8,103,737 shares of American Tower Corp which is valued at $937,845,483. American Tower Corp makes up approx 0.98% of Jennison Associates’s portfolio.Alliance Trust Plc reduced its stake in AMT by selling 30,600 shares or 3.48% in the most recent quarter. The Hedge Fund company now holds 848,357 shares of AMT which is valued at $99,970,389. American Tower Corp makes up approx 4.50% of Alliance Trust Plc’s portfolio.
American Tower Corp closed down -0.71 points or -0.61% at $115.79 with 8,79,431 shares getting traded on Monday. Post opening the session at $116.62, the shares hit an intraday low of $115.76 and an intraday high of $117.11 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, American Tower Corp reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.28. The company had revenue of $1442.00 million for the quarter, compared to analysts expectations of $1432.38 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.
American Tower Corporation is an independent owner operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers radio and television broadcast companies wireless data and data providers government agencies and municipalities and tenants in a number of other industries. It has a portfolio of over 87000 communications sites. The Company’s continuing operations are managed through three segments: Domestic Rental and Management which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management which includes its interests in international communications sites and Network Development Services which offers tower-related services domestically including site acquisition zoning and permitting services and structural analysis services.